Peak to raise capital ahead of possible merger

PEAK Oil and Gas has announced a non-renounceable pro rata rights issue of two new shares for every five shares held and registered, as it raises capital for its Indonesian prospects and entertains a merger with Octanex.

The rights issue of approximately 194 million shares is applicable until 7pm on January 6 and will give an issue price of 1c per new share, looking to raise approximately $US1.9 million ($A2.


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